NYSE$CUZ
Cousins Properties Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported third quarter 2021 results and raised 2021 FFO guidance.
Cousins Properties reported strong leasing volume with almost 600,000 square feet, and a significant increase in cash net rents on new leases, up 23% compared to replaced leases. The company also raised its 2021 FFO guidance.
- Net income available to common stockholders was $54.0 million, or $0.36 per share.
- Funds From Operations (FFO) was $102.4 million, or $0.69 per share.
- Same property net operating income on a cash-basis increased 3.6%.
- Executed 597,000 square feet of office leases, including 503,000 square feet of new and expansion leases.
Headline financials
Revenue & EPS history
Cousins Properties · Revenue · Quarterly
$189M
Revenue by segment
Cousins Properties · $2.51M total across 2 segments · Q2 2022
- Fee Income$2.31M—92.0%
- Other Revenues$201K—8.0%
Forward guidance
The Company has raised and narrowed its 2021 net income guidance to $0.91 to $0.95 per share. The Company has also raised and narrowed its 2021 FFO guidance to $2.73 to $2.77 per share, increasing the midpoint to $2.75 from $2.74 per share.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+0.4%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+0.8%
Avg return
30 days after
59%
38 / 64 earnings
Positive
+9.7%
Q1 2010
Best reaction
-6.9%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | +4.0% | +7.0% | |
| Q4 2025 | -1.2% | -10.8% | -10.5% | |
| Q3 2025 | +0.0% | +0.7% | +0.3% | |
| Q1 2025 | +1.4% | -0.4% | +1.1% | |
| Q4 2024 | +1.8% | -0.7% | -4.8% | |
| Q3 2024 | +0.9% | -1.4% | +1.5% | |
| Q2 2024 | +9.5% | +9.3% | +12.3% | |
| Q1 2024 | -1.1% | -0.8% | -0.9% | |
| Q4 2023 | +4.9% | +8.7% | +8.6% | |
| Q3 2023 | +1.5% | +1.5% | +12.3% | |
| Q2 2023 | +1.1% | -0.8% | -7.0% | |
| Q1 2023 | +4.5% | +0.5% | -4.9% | |
| Q4 2022 | +0.2% | +1.2% | -16.7% | |
| Q3 2022 | +1.1% | +0.5% | +10.0% | |
| Q2 2022 | +2.0% | -0.9% | -7.8% | |
| Q1 2022 | -4.5% | -4.3% | -7.6% | |
| Q4 2021 | -1.9% | -1.9% | +2.6% | |
| Q3 2021 | +0.7% | -0.5% | -2.0% | |
| Q2 2021 | +0.4% | -0.8% | -1.3% | |
| Q1 2021 | +0.4% | +1.0% | +1.6% | |
| Q4 2020 | -0.9% | +0.6% | +6.9% | |
| Q3 2020 | +0.0% | +2.4% | +33.5% | |
| Q2 2020 | +0.5% | +1.6% | -0.9% | |
| Q1 2020 | -6.4% | -8.8% | +0.1% | |
| Q4 2019 | -0.5% | +0.8% | -10.5% | |
| Q3 2019 | +4.4% | +4.1% | +6.1% | |
| Q2 2019 | -3.6% | -2.8% | -7.6% | |
| Q1 2019 | +0.7% | +0.9% | -2.7% | |
| Q4 2018 | +3.4% | +2.9% | +7.7% | |
| Q3 2018 | +2.5% | +2.1% | +0.1% | |
| Q2 2018 | +0.8% | -1.7% | -0.4% | |
| Q1 2018 | +1.1% | +4.2% | +7.0% | |
| Q4 2017 | -1.8% | -0.2% | +1.7% | |
| Q3 2017 | -1.3% | -1.8% | -1.6% | |
| Q2 2017 | +1.6% | +5.9% | +4.2% | |
| Q1 2017 | +0.4% | +0.1% | +0.8% | |
| Q4 2016 | -0.9% | +0.2% | -6.9% | |
| Q3 2016 | -5.8% | -7.1% | +1.0% | |
| Q2 2016 | -3.2% | -1.6% | -0.7% | |
| Q1 2016 | -1.3% | — | — | |
| Q4 2015 | -2.1% | — | — | |
| Q3 2015 | +2.6% | — | — | |
| Q2 2015 | +4.6% | — | — | |
| Q1 2015 | +3.6% | — | — | |
| Q4 2014 | +3.5% | — | — | |
| Q3 2014 | -0.1% | — | — | |
| Q2 2014 | -2.5% | — | — | |
| Q1 2014 | +0.8% | — | — | |
| Q4 2013 | +2.1% | — | — | |
| Q3 2013 | +2.1% | — | — | |
| Q2 2013 | -3.5% | — | — | |
| Q1 2013 | -2.5% | — | — | |
| Q4 2012 | +1.9% | — | — | |
| Q3 2012 | +1.7% | — | — | |
| Q2 2012 | +1.3% | — | — | |
| Q1 2012 | -1.7% | — | — | |
| Q4 2011 | -3.1% | — | — | |
| Q3 2011 | +8.6% | — | — | |
| Q2 2011 | -6.9% | — | — | |
| Q1 2011 | -2.7% | — | — | |
| Q4 2010 | -1.2% | — | — | |
| Q3 2010 | -0.8% | — | — | |
| Q2 2010 | -1.3% | — | — | |
| Q1 2010 | +9.7% | — | — |
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